Quarterly Market ReportApartments and Townhouses | Cremorne

Quarter 4 - 2015

Your LocalCremorneCremorne saw an 11% growth across all apartment and townhouses this quarter, with three bedroom apartments showing a 19% increase in prices when compared to the third quarter. One bedroom prices saw almost no variation from the previous quarter, despite there being less properties offered. Two bedroom apartments saw a 12% drop in the average price for the quarter. Interestingly, the Lower North Shore as a whole had substantial growth of 11% compared to the overall decrease of 0.3% in the greater Sydney area for apartments, which is a great indication for the New Year that the Lower North Shore will continue to perform.

In the fourth quarter of 2015 (October to December), there were a total of 54 apartments/townhouses sold in Cremorne, with an average selling price of $1,063,440. When you compare it to the third quarter of 2015, which had an average selling price of $945,212, this indicates a marked increase of $118,228.

The New Year brings new opportunities and new resolutions for many in the property market. The Lower North Shore and our office are still experiencing consistently good clearance rates and strong buyer demand. Now is a great time to sell and we would love to have a discussion with you regarding your next move.

Average Price No. Sold Difference from Q3, 2015

1 bed $640,583 13 -$55

2 bed $921,708 28 -$116,176

3 bed $1,607,000 13 +$314,143

CREMORNE STATISTICS

AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS

Cremorne North Sydney LGA

$1,150,000

$1,050,000

$550,000

$650,000

$750,000

$450,000

$850,000

$950,000

$250,000

$350,000

$150,000

Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15

Your LocalCremorne

OUR RECENT SALES

10/85 Grasmere Road

3/138 Holt Avenue

4/10 Illiliwa Street

7/218 Ben Boyd Road

2/34 Gerard Street

Street Address Beds Baths Cars Price

3/114 Cabramatta Road 1 1 1 $615,000

29/34-38 Gerard Street 1 1 1 $660,000

3/138 Holt Avenue 1 1 1 $577,500

106/2 Langley Avenue 1 1 1 $600,000

106/7 Parraween Street 1 1 1 $621,000

5/36 Rangers Road 1 1 1 $770,000

18/114 Cabramatta Road 2 2 2 $1,020,000

25/13 Cranbrook Avenue 2 1 1 $850,000

2/34-38 Gerard Street 2 1 1 $740,000

3/25 Grasmere Road 2 2 1 $1,050,000

10/85 Grasmere Road 2 1 1 $810,000

6/146 Holt Avenue 2 1 1 $905,000

4/10 Illiliwa Street 2 1 1 $1,056,000

5/36 Murdoch Street 2 1 1 $720,000

2/66A Murdoch Street 2 1 1 $895,000

6/23 Parraween Street 2 1 1 $835,000

49/6-12 Prospect Avenue 2 2 1 $1,050,000

8B/37 Reynolds Street 2 1 1 $1,200,000

10/126 Spencer Road 2 1 1 $860,000

12/57 Yeo Street 2 2 1 $855,000

6/77 Benelong Road 3 2 0 $1,585,000

2/22 Grasmere Road 3 3 1 $2,963,000

26/1-7 Hampden Avenue 3 2 2 $1,621,000

4/11 Murdoch Street 3 2 2 $1,620,000

7/10 Oaks Avenue 3 2 2 $1,420,000

3/40 Waters Road 3 2 2 $1,337,000

1/104A Young Street 3 2 1 $1,450,000

Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales.

Having identified a genuine lack of real estate expertise purely servicing the apartment and townhouse market on the Lower North Shore, LJ Hooker Mosman proudly launched Urban Living by LJH, a boutique agency devoted to apartment and townhouse sales. Lead and managed by respected agents Clare Rutledge and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a family home.

WHY CHOOSE US?“From my first meeting with Jason and the Urban Living team, I felt I was in the hands of professional and competent agents. A huge thank you to Jason who achieved a great outcome within a matter of weeks and expertly managed the process. His honesty, level of engagement and personable nature made for a positive experience and I would wholeheartedly recommend the Urban Living team to anyone looking at selling their apartment or townhouse.” - Jessie Elias

“Clare Rutledge gave us outstanding service, invaluable tactical and strategic advice and we highly recommend her to anyone thinking of selling in this area.” – David

“Their guidance, market knowledge & negotiation skills were outstanding. Their honest & professional approach put us at ease and gave us complete confidence in them throughout the selling process. We are extremely happy with the result and would have no hesitation in recommending them to anyone looking to sell their property.” – Trudy & Michael Hoy

CONTACT YOUR URBAN LIVING SPECIALISTS

LJ Hooker House102 Glover Street

Mosman NSW 20889969 1500

mnb.ljhooker.com.au

Clare RutledgeD 8969 4149M 0422 004 825E crutledge@ljhooker.com

Daniel CampbellD 8969 4121M 0432 736 745E dcampbell@ljhooker.com

Jason PasslowD 8969 4162M 0402 182 632E jpasslow@ljhooker.com

Disclaimer: this document is not intended to demonstrate that LJ Hooker was the selling agent for all of these properties. This report shows 3 months of sold properties, however the median prices and market growth is calculated over a 12 month period. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.